Live data from Hacker News

How To Accept Bitcoin On Your Website

blog.coinbase.com

1–10 of 75 posts

Re: How To Accept Bitcoin On Your Website

#5

Is this a dangerous thing to put on ones website at all?

Dangerous? The only danger is that you might pay 1% fee when sending/converting your earnings back to USD. Also possible that the value of bitcoin tanks overnight, but there are historical charts that show this has not really happened but just once.

What kind of danger are you thinking?

The exchange could also go under and/or rob you. You should be careful about to whom you give your bank account numbers.

Re: How To Accept Bitcoin On Your Website

#7
Bitcoin merchant services sector is really heating up. Bitpay.com making big news with the recent Wordpress announcement, Walletbit (http://bitcoinmagazine.net/walletbit-launches-bank-transfers...) growing and adding more features and now Coinbase joining in. This open competition allowed by the open source nature of Bitcoin is great to see.

Re: How To Accept Bitcoin On Your Website

#8
post #5

Is this a dangerous thing to put on ones website at all?

Dangerous? The only danger is that you might pay 1% fee when sending/converting your earnings back to USD. Also possible that the value of bitcoin tanks overnight, but there are historical charts that show this has not really happened but just once. What kind of danger are you thinking? The exchange could also go under and/or rob you. You should be careful about to whom you give your bank account numbers.

>What kind of danger are you thinking?

My guess is he's referring to one of the many "dealers" that were hacked and had bitcoins stolen.

Re: How To Accept Bitcoin On Your Website

#9
post #8
post #5

Earlier quoted context omitted.

Dangerous? The only danger is that you might pay 1% fee when sending/converting your earnings back to USD. Also possible that the value of bitcoin tanks overnight, but there are historical charts that show this has not really happened but just once. What kind of danger are you thinking? The exchange could also go under and/or rob you. You should be careful about to whom you give your bank account numbers.

>What kind of danger are you thinking? My guess is he's referring to one of the many "dealers" that were hacked and had bitcoins stolen.

That would fall into the category of exchange going under.

Similar risk to cash in the mail, except with cash in the mail there's nothing you can do to protect yourself (or prove that delivery was accepted.)

Re: How To Accept Bitcoin On Your Website

#10

Now how about a one button way for my users to buy bit coins. Buying bitcoins is an exhausting user experience

For US users Coinbase is one of the easiest ways to buy bitcoins. Link your bank account like you would with paypal and it's straightforward from there on.
Post reply on HN